Date of applicability of new excise duty rates

Pratul (FINANCE MANAGER) (105 Points)

16 March 2012  

Please confirm me the date of applicability of the new rates of Excise Duty of 12% & Service Tax of 12%.

Would it become applicable from midnight today or from 1st April, 2012 i.e. the day on which the Finance Act would be  deemed to have come into force.?